Moody's: US corporate cash pile, led by tech sector, to grow to $1.77 trillion by end of 2016
New York, November 03, 2016-- US non-financial companies rated by Moody's will increase their cash holdings to $1.77 trillion by the end of the year, from $1.68 trillion at the end of 2015, Moody's Investors Services says in a report. Most of the cash that companies have is generated and being held overseas. Moody's estimates that the amount of overseas cash will reach about $1.3 trillion, or 74% of total cash, in 2016. That's up from an estimated $1.2 trillion, or 72% of total cash a year...
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